Hi BP community,I am a tenant and had a question about the following statement in my lease agreement:"Regardless of assignment of responsibility, tenant agrees to be responsible for the first $250.00 of any repair or ...

Currently looking at a multifamily property.Purchase Price- $371,000Rental Income- $310025%  down with taxes/ insurance makes mortgage -$2,040The property is turn key and has been fully redone over the past two years....

Hey everyone. My name is Jeremy Simpson and I just stumbled across BP and I am already blown away by the amount of information available. I cant wait to jump in with both feet. (is there another way to jump in?) and r...

Has anybody developed a detailed list of repair/improvement items which is segregated to keep under the $500 radar?  If you don't know what I'm talking about and your a landlord I strongly suggest you find out. 

Finally took the leap of faith once I realized I was a victim of analysis paralysis! Settled on our first duplex about 8 weeks after I first heard this term.  It really lit a fire in me!  This is what we are working w...

My daughter and I (new investors in Indianapolis) are under contract for our first house! We have experienced some twists that have caused us to consider flipping the property instead of  holding it to rent. Can anyon...

I know the general rule of thumb is that you put aside 35% of your rental income for repairs/maintenance. Is there ever a point where you don't need to set it aside anymore? Common sense would tell me no because thing...

So I decide to sell a rental property within a LLC. for which I am manager. It was listed for sale while occupied but then the renter moved out. Shortly after the property sells. Now I discover seemingly bizarre IRS r...

Hi guys,About to close on my first rental property, out of-state (TN), cash purchase, through a turnkey companyI've had and will have a very low yearly income (less then $10K), and I've been filing my W2's via 1040EZ ...

Here is the scenario: We have a property available for rent 8/1/18 (occupied until 7/31). We can generally do a turnover within 24 hours (sometimes with a punch list of remaining items) but this time around we are get...